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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 202.35
Bid: 191.00
Ask: 205.50
Change: 0.00 (0.00%)
Spread: 14.50 (7.592%)
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Prev. Close: 202.35
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Big banks post 25 pct drop in H1 commodity revenue - report

Mon, 05th Aug 2013 08:59

* Consultants cite weaker investor interest, low volatility

* Investor products, power and gas show biggest declines

* Banks' commodity businesses struggle, hit by regulations

LONDON, Aug 5 (Reuters) - Commodity revenue slid by about aquarter in the first half of the year at the top 10 investmentbanks, mainly due to lack of investor interest and placidmarkets, a consultancy said on Monday.

Banks have struggled in recent years with their commoditybusinesses, hit by increasing regulation and higher capitalrequirements in the wake of the global financial crisis.

"Commodities performance for Coalition index banks declinedby approximately 25 percent in 1H 2013 relative to 1H 2012," London-based industry analytics firm Coalition said in a briefstatement, without giving financial figures.

"This was mainly due to lower client activity and lack ofvolatility. On a relative basis, investor products and power andgas had the largest decline."

Wall Street investment banks typically do not break downtheir commodity revenue, preferring to cite it as part of thebroader fixed income, currency and commodity category.

Last year, investment bank Goldman Sachs took the topspot for commodity revenue, followed by JPMorgan Chase and Morgan Stanley, Coalition said in March.

The other banks Coalition tracks are: Bank of AmericaMerrill Lynch, Barclays, Citigroup,Credit Suisse, Deutsche Bank, RBS and UBS.

The 19-commodity Thomson Reuters-Jefferies CRB index has shed 4 percent so far this year.

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IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

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LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

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Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

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28 Nov 2023 15:40

Barclays axes 900 staff in "disgraceful" pre-Christmas move - UK union

(Alliance News) - Banking firm Barclays PLC is cutting 900 jobs in its UK business as it looks to slash costs in a "disgraceful" pre-Christmas move, trade union Unite has said.

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28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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28 Nov 2023 08:52

PRESS: Barclays eyes dropping quarter of investment bank clients - FT

(Alliance News) - Barclays PLC is exploring the possibility of dropping thousands of its investment bank clients - a quarter of its total - amid a strategic overhaul to bolster its bottom line and cut GBP1 billion of costs, the Financial Times reported on Tuesday.

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28 Nov 2023 07:56

Barclays considers dropping thousands of investment banking clients - report

(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.

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(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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27 Nov 2023 17:16

UPDATE: Metro Bank negotiating sale of mortgage book to Barclays - Sky

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27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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